IWM pushes through previous session high
Moving higher for the 3rd day in a row, IWM finished Thursday at 161.66 gaining $0.74 (0.46%). Today's closing price of 161.66 marks the highest close since Inception. Closing above Wednesday's high at 161.32, the ETF confirms its breakout through the prior session's high having traded $0.68 above it intraday.
Thursday's trading range was $1.25 (0.78%), that's below last trading month's daily average range of $1.90. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for iShares Russell 2000 ETF
|Close to R1 Resistance||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
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